Search Results - subject:"loss function"

Monetary policy, employment shortfalls, and the natural rate hypothesis

Kiley, Michael T. - 2024

Persistent link: https://www.econbiz.de/10015054056

Monetary policy strategies to foster price stability and a strong labor marke

Kiley, Michael T. - 2024 - Version 10

Persistent link: https://www.econbiz.de/10015054060

Pro-cyclical emissions, real externalities, and optimal monetary policy

Giovanardi, Francesco; Kaldorf, Matthias - 2025

We study optimal monetary policy in an analytically tractable New Key-nesian DSGE-model with an emission externality. Empirically, emissions are strongly pro-cyclical and output in the flexible price equilibrium overreacts to productivity shocks, relative to the efficient allocation. At the same...

Persistent link: https://www.econbiz.de/10015324814

One who hesitates is lost : monetary policy under model uncertainty and model misspecification

Ajevskis, Viktors - In: Economies : open access journal 13 (2025) 2, pp. 1-18

This paper investigates how different parametrisations of the monetary policy reaction function and different mechanisms of expectation formation shape the macroeconomic outcomes in the estimated Smets-Wouters type of DSGE model. The initial macroeconomic conditions of the simulations correspond...

Persistent link: https://www.econbiz.de/10015210360

ECB's evolving communication and policy preferences since 2021 strategy review

Haavio, Markus; Heikkinen, Joni; Jalasjoki, Pirkka; … - 2025

integrating these tone indices with real-time data from monetary policy meetings, we directly estimate the ECB's loss function …

Persistent link: https://www.econbiz.de/10015329445

On survival estimation of Lomax distribution under adaptive progressive type-II censoring

Sharma, Hemani; Kumar, Parmil - In: Statistics in transition : an international journal of … 26 (2025) 1, pp. 51-67

an informative and non-informative prior based on the squared error loss function (SELF) and approximate credible …

Persistent link: https://www.econbiz.de/10015338333

Enhancing intermittent spare part demand forecasting : a novel ensemble approach with focal loss and smote

Kenaka, Saskia Puspa; Cakravastia, Andi; Ma'ruf, Anas; … - In: Logistics 9 (2025) 1, pp. 1-25

Background: Accurate inventory management of intermittent spare parts requires precise demand forecasting. The sporadic and irregular nature of demand, characterized by long intervals between occurrences, results in a significant data imbalance, where demand events are vastly outnumbered by...

Persistent link: https://www.econbiz.de/10015337499

Pro-cyclical emissions, real externalities, and optimal monetary policy

Giovanardi, Francesco; Kaldorf, Matthias - 2025

Persistent link: https://www.econbiz.de/10015326418

ECB's evolving communication and policy preferences since 2021 strategy review

Haavio, Markus; Heikkinen, Joni; Jalasjoki, Pirkka; … - 2025

integrating these tone indices with real-time data from monetary policy meetings, we directly estimate the ECB's loss function …

Persistent link: https://www.econbiz.de/10015331353

Reading between the lines: Uncovering asymmetry in the central bank loss function

Haavio, Markus; Heikkinen, Joni; Jalasjoki, Pirkka; … - 2024

the loss function. We find strong and robust evidence of asymmetry in the case of the European Central Bank during 1999 …-2021: the slope of the loss function was roughly three times steeper when inflation exceeded the target compared to when it was … below the target. This represents a significant departure from the quadratic and symmetric monetary policy loss function …

Persistent link: https://www.econbiz.de/10014556406